GOLDEN, Colo. (AP) — GOLDEN, Colo. (AP) — Molson Coors Brewing Co. (TAP) on Tuesday reported fourth-quarter profit of $103.3 million.

On a per-share basis, the Golden, Colorado-based company said it had net income of 48 cents. Earnings, adjusted for one-time gains and costs, came to $1.19 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The beer maker posted revenue of $3.33 billion in the period. Its adjusted revenue was $2.79 billion, also topping Street forecasts. Six analysts surveyed by Zacks expected $2.77 billion.

For the year, the company reported profit of $948.9 million, or $4.37 per share. Revenue was reported as $11.7 billion.

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